Jim, known by his Twitter handle @Cryptographur, outlines several factors that make him “so bullish” on the cryptocurrency KAS in a recent post. He begins by highlighting KAS’s groundbreaking proof-of-work system running at 1 block per second, explaining how this makes it a serious contender to fulfill Satoshi Nakamoto’s original vision for Bitcoin.
What you'll learn 👉
Achieving Digital Cash
As Jim notes, Nakamoto’s intention was for Bitcoin to function as peer-to-peer digital cash – fast, scalable, and immune to inflation. However, he argues Bitcoin has failed to achieve this, lacking the speed and scalability required for a payment system. This leaves the door open for an alternative to emerge, and Jim believes KAS fits the bill.
At 1 block per second already, KAS has sufficient scalability for a payment network. Moreover, the development team plans to increase this 10x in the future to 10 blocks per second. Such high throughput is essential for digital cash, allowing near-instant transactions critical for point-of-sale payments.
Tackling the Trilemma
Jim also touches on the blockchain trilemma – the difficulty of achieving decentralization, security, and scalability simultaneously. Most projects sacrifice one area, but he suggests KAS has managed to effectively tackle all three.
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +By reaching 1 block per second on proof-of-work, KAS has achieved far greater scalability than Bitcoin without compromising decentralization or security. As Jim notes, “it’s quietly becoming known that $KAS has solved [the trilemma]”.
Long-Term Potential
While speed and scalability make KAS well-positioned as digital cash presently, Jim is most excited about its future potential. Upcoming plans for smart contracts could enable stablecoins on KAS’s base layer, providing a practical cryptocurrency for spending day-to-day.
Jim closes by emphasizing that the KAS network represents over 10 years of research into scaling Bitcoin. As he puts it, “My opinion is that $KAS is a once in a decade opportunity, just like #BTC was”. For him, the opportunity is too significant to miss – “I personally don’t care about accumulating anything else”
You may also be interested in:
- Top BTC Analyst Explains Why Another Big Bitcoin Move is Imminent, Reveals the Key Support to Look Out for
- Polkadot (DOT) to Continue Upward Rally as Critical Retest Proves Successful: Here Are the Next Price Targets
- BorroeFinance Sets Sights on Outperforming Cardano (ADA) and Polkadot (DOT)
Join and Get 10k Tokens FREE!
Engaging community with games and crypto incentives
Integrated platform with GameFi and NFT functionalities
Simple interface that’s easy for new users to explore crypto gaming
